The independent mortgage brokerage plans a phased rollout beginning as early as July 2026, giving affiliated originators a new pathway to recurring servicing-related revenue
United Wholesale Mortgage’s $1.3 billion all-stock acquisition of Two Harbors would nearly double its MSR footprint, while strengthening long-term borrower retention and competitive positioning in the broker channel
Company sees net loss of $23.9 million for quarter due to valuation adjustment on MSRs
Soon-to-be interim CEO Hsieh says company will focus on multi-channel sales model, proprietary tech stack, and servicing business
Despite a hefty hedging loss, annual gains look to outweigh quarterly losses
MSRs are back to trading at a premium of roughly 5x multiples of servicing fees for agency loans.
The company announced concurrently its decision to purchase Flagstar Bank's servicing and TPO operations for $1.4B.
The MSRs and subservicing contracts to be purchased from Flagstar total roughly $356 billion in unpaid principal balance, and include "attractive refinance opportunities."
Texas Capital Bank opposed the DOJ's motion to halt Ginnie Mae case discovery and the defendant's motion to dismiss.
Mr. Cooper Group's outgoing president and vice chairman Chris Marshall is heading to fintech firm.